Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

The Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share. This dividend is for shareholders of record as of December 29, 2020, and will be payable on January 29, 2021. Marking the 125th quarterly cash dividend since its founding in 1986, this payout reflects the bank's strong earnings and capital position, as noted by President and CEO Fleetwood S. Hassell.

Positive

• Quarterly cash dividend of $0.17 per share declared.
• 125th quarterly cash dividend signifies consistent shareholder returns.
• Strong capital position indicates financial stability and earning capacity.

Negative

• None.

CHARLESTON, S.C., Dec. 17, 2020 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record December 29, 2020, payable January 29, 2021. This represents the 125^th quarterly cash dividend paid to shareholders – representing over 30 years of rewarding our shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "Given our earnings and strong capital position, we are pleased to declare a quarterly cash dividend, for the 125^th time, since our founding in 1986."

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".

View original content:http://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301195350.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount declared by Bank of South Carolina Corporation?

The dividend amount declared is $0.17 per share.

When is the dividend payable for BKSC shareholders?

The dividend is payable on January 29, 2021.

What is the record date for the dividend declaration by BKSC?

The record date for the dividend is December 29, 2020.

How many quarterly cash dividends has Bank of South Carolina Corporation paid?

Bank of South Carolina Corporation has paid a total of 125 quarterly cash dividends.

What does the dividend declaration indicate about Bank of South Carolina Corporation's financial health?

The declaration indicates a strong capital position and steady earnings for the bank.